GTSO Sees E-Waste Recycling as the Solution to Mining Sector’s Financial
SAN JOSE, Calif. -- May 3, 2013
As the traditional mining industry slows down year on year, Green Technology
Solutions, Inc. (OTCBB: GTSO) believes that a major shift toward e-waste
recycling is the solution to keeping manufacturers worldwide supplied with the
commodities they need to create the next wave of electronic innovations.
The Wall Street Journal reported on Thursday that some of the world’s biggest
miners are slashing outlays and shedding assets in 2013, hit with a triple
shock of falling prices, rising costs and waning investor interest. The urban
mining industry, by contrast, is less susceptible to such trends thanks to big
improvements in recycling collection and separation technologies.
"Unlike traditional mining, urban mining is a sustainable and ultimately
beneficial means of commodities production that’s getting easier and more
affordable with each passing year,” said GTSO CEO Paul Watson. “Our company is
investing time and money in e-waste supplies and infrastructure today so that
we’ll be able to capture a major share of the marketplace tomorrow, when urban
mining will be rightly seen as a cleaner, more virtuous and more profitable
New legislation could help turn that vision into a reality sooner than later.
Electronic products have become the fastest-growing portion of the solid waste
stream in the U.S., posing a daunting challenge to government agencies that
oversee landfills. Lawmakers across the country are beginning to take action.
According to the EPA, every one million cell phones recycled, 75 pounds of
gold, 772 pounds of silver, 33 pounds of palladium and more than 35,000 pounds
of copper can be recovered.
Urban mining is key to GTSO’s plans to compete alongside major international
corporations striving for sustainable waste solutions, such as Industrial
Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE:SMS).
Late last year, GTSO acquired the companyGlobal Cell Buyers and soon after
rebranded the company asGreen Urban Miningto handleits domestic recycling
and resale operations.
AboutGreen Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.gtsoresources.com] is a growth-oriented
company exploring rare earth minerals and precious metals production around
the world. To learn more, please visit the website
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Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including statements
that include the words “believes,” “expects,” “anticipate” or similar
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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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